Raiden Resources (ASX: RDN) Identifies High-Grade Feeder Zone at Vuzel Gold Project

Highlights

• All four newly reported drill holes intersected near-surface gold mineralisation, further validating Vuzel's potential.
• High-grade intercept of 1.6m @ 7.69g/t Au was confirmed in drill hole VZ2527 within an interpreted epithermal feeder structure.
• All holes drilled and reported to date have contained gold mineralisation.
• The assay results follow Raiden’s decision to expand the Phase 2 drilling campaign to 4,000m, targeting the 3–4 km mineralised corridor.
• Drilling to date suggests at least one feeder zone identified, with potential for more high-grade zones nearby.
• Raiden maintains a clear pathway to increase its ownership of Vuzel to 90%, contingent on defining a JORC-compliant resource.

Raiden Resources Limited (ASX:RDN) has reported additional assay results from four more holes as part of its ongoing 2025 Phase 2 diamond drilling program at the Vuzel Gold Project in south-eastern Bulgaria. All holes drilled and reported to date have intersected near-surface gold mineralisation, continuing to validate the project's potential.

These latest results reinforce Raiden’s belief that Vuzel may host a substantial near-surface gold system, characterised by widespread mineralisation and the potential presence of multiple high-grade feeder zones.

Drill hole VZ2527 has intersected a high-grade feeder structure, returning 1.6m at 7.69g/t Au from 58.7m within the previously interpreted epithermal feeder structure.

Significant gold intersections from the four reported holes include:

• VZ2525: 13.6m @ 0.58g/t from 19.4m

▪ Including 5.0m @ 1.30g/t Au from 21.0m

• VZ2526: 5.1m @ 0.76g/t Au from 20.9m
• VZ2527: 17.3m @ 0.93g/t Au from 43.0m

▪ Including 1.6m @ 7.69g/t Au from 58.7m

• VZ2528: 10.0m @ 1.03g/t Au from 15.5m

▪ And 11.0m @ 0.98g/t Au from 30.5m

The company is confident that drilling to date has identified at least one feeder zone (associated with drill hole VZ2527). Additional high-grade results achieved to date, including intercepts up to 24g/t Au over 1.5m in certain intervals, may represent proximity to other potential feeder zones.

Raiden Expands Phase 2 Drilling at Vuzel Gold Project

Raiden has expanded its Phase 2 diamond drilling campaign at the Vuzel Gold project to 4,000m, targeting extensions of the mineralised footprint along strike and testing additional zones within a 3–4 km mineralised corridor.

This expanded program follows Raiden successfully meeting the investment criteria to secure a 75% ownership in the project. The company now retains a clear pathway to increase its ownership to 90%, contingent on defining a JORC-compliant resource.

This second drilling campaign spans several kilometres and continues to define near-surface gold mineralisation, including zones of high-grade intercepts confirmed through Raiden’s drilling to date.

If exploration confirms a viable mineral resource, Raiden sees potential for operational synergies due to the project’s close proximity to third-party processing facilities and nearby deposits. These opportunities remain subject to further technical and economic evaluation.

Data source: RDN update

Future Exploration Plans

• Raiden will continue to roll out the expanded Phase 2 drilling program.
• Targeting of potential high-grade feeder structures is also being prioritised.
• Results from this expanded 4,000m program will guide future drill planning.
• The results may also provide further guidance on the orientation and targeting of feeder structures within the sedimentary package, which may host higher gold grades.

Shares of RDN were trading at AUD 0.0040 on 01 July 2025.